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MIAMI-Some high-profile multifamily assets here at the forefront of the foreclosure debacle in the area are actually selling condo units so far this year, according to the Miami Herald. That’s because banks, which now own many of the units, have dramatically cut back prices.

Shoma at Keys Cove in Homestead had the most unit sales in the first quarter of this year, with 50. To see a list of developments with the highest-selling number of units in the area, click here.

But “with the financing bar set too high for many buyers, sales in the condo market are still anemic relative to the volume of units on the market,” the article says. To read the full Herald report click here.

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